The loan for self-employed or freelancers is particularly helpful for young entrepreneurs in the start-up phase, as they have an increased need for a loan. A private loan for the self-employed should therefore offer an alternative to the house bank.
Capital is important in a company
Depending on the overdraft facility on the company account (for day-to-day business), capital is required for the one-time expenses of founding a company. If the savings or equity capital are insufficient, the remaining requirement must be financed with outside capital.
Experience has shown that banks and savings banks find it difficult to grant a loan to the self-employed, as there is a high risk of default. The self-employed or freelancers miss the necessary creditworthiness, which they have to prove by numbers from the income surplus calculation and by the tax assessment in order to receive a loan.
In the first one to two years, the self-employed can usually not provide this evidence to the bank because it does not exist. Regardless of this, loans for the self-employed are urgently needed, so you have a better chance of getting a loan with Best Bank as private investors decide on the loan request. The same applies to loans as start-ups.
P2P – Personal to Private Credit
The term “peer to peer lending”, P2P for short, comes from the English and means “borrow money (or credit) from person to person” in German. This means that the lender is a private individual and not a credit institution.
With the crowdlending principle, the money for the loan is made available by private investors and lent to private borrowers. The Best Bank P2P credit platform offers such a possibility. Private investors invest in the private credit marketplace and can support the self-employed or freelancers with the loan from private to private.
Borrowers have the option of freely choosing a loan amount between 1,000 and 50,000 USD, as well as the term, which can extend up to five years. The purpose of the online financing option is up to you. By investing in various projects, private investors have prospects of profitable returns of 5.0% on average, which means that the financing of your desired amount is more likely.
Prerequisites for self-employed credit with Best Bank
Requirements for self-employed credit
The credit check on the P2P credit platform Best Bank takes place from a different perspective than that of loans from banks and savings banks. The self-employed present their company here and justify their credit needs in such a way that the greatest possible interest of the investors is aroused. Personal requirements for a loan for the self-employed include
- legal and legal capacity
- the permanent residence in Germany
- the current account with a Cream Bank
- an age between eighteen and seventy years
Obstacles are among others
- an ongoing consumer or corporate bankruptcy process
- an arrest warrant
- the affidavit
- open titled claims
With a loan for the self-employed, the lenders on the P2P credit platform Best Bank also combine the goal of helping the freelancer with the financing of his business idea and his innovation. A loan without Credit bureau, or a moderate Credit bureau entry, is therefore not uncommon and brings advantages above all for the self-employed or freelancers.
For a better chance of getting a personal loan as a self-employed person
In order for your loan project to be fully funded by private investors, you should make sure that your portfolio is understandable and provides the necessary information. Supporting information about your company, such as a business plan, could increase your chances.
It also increases confidence in your project from private investors, which could encourage your self-employed loan application. With small loans ranging from $ 1,000 to $ 50,000, you can also request a loan for the self-employed on Best Bank after a free registration!
Compared to credit institutions, the loan for the self-employed on the Best Bank credit marketplace is to be presented as attractively as possible in order to arouse the interest of investors. Registration on the online credit marketplace Best Bank is free of charge for the loan seeker. If the loan is successfully brokered, a one-off fee of just under three percent of the loan amount is payable.
The online credit marketplace Best Bank is therefore a suitable opportunity to become self-employed with a business idea or to finance growth. In a very short time you have the chance to get a loan to advance your company financially.